April 2022 HR Lineup

HR L I NEUP APR I L 202 2

6

— Internal Mobility

Unveiling the benefits of hiring from within

There are many things to consider when you need to fill a vacancy in your team, not the least of which is whether to hire internally or externally. Hiring from outside the organization can be a great way to get fresh ideas, tap into innovative thinking and maybe find talent with the exact skills and experience you need. At the same time, there are also many benefit to hiring from within, and here are a few of them. The power of motivation Research by Gartner 1 shows that having a more vibrant internal labor market can result in a 27% increase in discretionary effort and a 33% increase in intent to stay (retention) from employees.

Hiring from within sends a message that the company values its employees and wants to invest in them. Giving employees more opportunities to advance their ca- reers and gain new experiences and skills, whether through upwards promotion or lateral moves, is always good for morale. Every role change develops employees professionally and is also a positive exam- ple for other employees who see that they could have similar opportunities in the future. Hiring internally can be quicker and safer All recruitment activity takes time, but when you look internally, you are talking to a pool of individuals who are already mo- tivated to work at ABB and prescreened for culture and values fit. When recruiting, time